NBA Rumors - HoopsRumors.com

Junior Bridgeman Purchases 10% Stake In Bucks

September 26th, 2024 at 11:15am CST by Rory Maher

SEPTEMBER 26: Bridgeman has officially become a part-owner of the Bucks, the team confirmed in a press release (Twitter link via Eric Nehm of The Athletic).

“I’m overjoyed to return to the Bucks, where I spent the heart of my NBA playing career, to join their world-class ownership group,” Bridgeman said. “… I hope that my life journey serves as an aspiration to current and future players who dream of joining an NBA ownership group. I look forward to cheering the Bucks on this season alongside our great fans.”

SEPTEMBER 12: Junior Bridgeman, who played 12 NBA seasons from 1975-87, including 10 in Milwaukee, is purchasing a 10% stake in the Bucks, three sources familiar with the deal tell Michael Ozanian and Jessica Golden of CNBC.

According to CNBC’s report, the transaction values the Bucks at $4 billion but Bridgeman is receiving a “preferred limited partner discount” of 15%, or a $3.4 billion valuation. That means Bridgeman will pay approximately $340MM for his minority share.

Bridgeman, who turns 71 years old next week, starred in college at Louisville prior to being selected No. 8 overall in the 1975 draft. The 6’5″ wing averaged 13.6 points, 3.5 rebounds and 2.4 assists while shooting 47.5% from the floor and 84.6% from the line in 849 regular season games with the Bucks and Clippers (25.0 minutes per contest).

In late July, Baxter Holmes of ESPN wrote a feature story on Bridgeman and how he has built his wealth over the years. Bridgeman earned a total of just under $3MM in salaries during his playing career and has been extremely successful as a businessman, with a net worth of nearly $600MM.

As Ozanian and Golden observe, when the Haslam Sports Group purchased its 25% stake in the Bucks in April 2023, the team was valued at $3.2 billion. This new deal — which is the first time a portion of a team has been sold since the media rights agreements were announced — shows the franchise continues to increase in value.

Bridgeman was rumored to be interested in buying a stake in the Bucks back in 2014. His No. 2 jersey was retired by the Bucks in 1988.

Celtics Notes: Walker, Practice Methods, Kornet, Tillman

September 26th, 2024 at 10:31am CST by Dana Gauruder

Lonnie Walker IV made a surprise move when he signed an Exhibit 10 contract with the Celtics. It was an unconventional decision for a player with 322 regular season NBA games on his résumé, including 58 with the Nets last season.

Walker explains that he had limited options in free agency.

“I wish I had a clear-cut answer for that as to why I didn’t get a guaranteed deal,” Walker said, per Brian Robb of MassLive.com. “But it’s just the way the cards fall. As a man, good, bad or ugly, you got to accept what fate is given and continue to push. I’m not going to stop or put my head down because I’m not given what I expected.”

With 14 guaranteed contracts and a heavy tax burden, the Celtics are unlikely to carry a 15th man to start the season. Walker says if he’s waived and winds up on Boston’s G League team, he’ll handle it professionally.

“(Brad Stevens) also mentioned that there’s a possibility that I might spend some time in the G League with Maine, and honestly, I’m perfectly fine with that,” Walker said. “Because as a man, you’ve got to take it on the chin. You’ve got to continue to work. You have to continue to be prepared and just keep being ready. I think I’m mentally prepared for almost any outcome that may pop up, and I know sooner or later that the worm will turn and that the light’s still at the end of the tunnel.”

We have more on the Celtics:

Nobody could make a basket during the team’s first training camp practice. That was by design. The rims were covered with “bubbles” and the Celtics had to score “points” by other means. “You get your points based on rebounds, turnovers, blocks, steals, everything except putting the ball in the hole essentially,” Sam Hauser told Jay King of The Athletic. “I guess it makes you focus your energy on something other than trying to score, which is probably the (goal). It’s just a different emphasis which is great. But it was interesting for sure.” King details Joe Mazzulla‘s unconventional practice drills.
Luke Kornet re-signed with the Celtics on a one-year deal early in free agency. Kornet wasn’t looking to go elsewhere, he told Robb and other media members. “It’s just been an awesome to be able to play basketball here,” Kornet said. “In terms of every controllable of that side — the leadership, the teammates, just what Boston’s been like for me and my family — I knew that it was an awesome place to come back and stay. And I wanted to be able to do that.”
Xavier Tillman received a two-year deal to stay with the Celtics. Tillman has settled in with the franchise and the city of Boston since joining the team in a deadline-day deal last season, he told Robb. “We’re very, very comfortable,” Tillman said. “At first, when I got here, I didn’t know, because it was finishing up my contract, I didn’t know how it was all gonna pan out for me. But now as far as the city and everything, I feel like I know all the streets, and I know where I’m going. I know about them crazy potholes and stuff like that. Like I’m good now.”
Tillman underwent knee surgery in July but is a full go at camp, Robb reports. “Yeah it was the main reason I was out different periods last year,” Tillman said of the procedure. “My knee would just swell up really bad after a game. But it’s been recovering really well. Like, as far as my range of motion, as far as my strength and stuff like that, and just being able to have a hard day and not have it swell back up. So it’s been progressing really well.” Tillman and Kornet will play key roles while Kristaps Porzingis rehabs from surgery on his left leg.

Jordan Bowden Signs Exhibit 10 Contract With Hawks

September 26th, 2024 at 8:40am CST by Dana Gauruder

Jordan Bowden has signed a contract with the Hawks, according to RealGM’s transactions log. It’s an Exhibit 10 deal, HoopsHype contributor Cyro Asseo tweets.

Bowden most recently played for the Montreal Alliance of the Canadian Elite Basketball League, where he averaged 17.4 PPG, 4.5 RPG, and 3.1 APG.

Last season, Bowden played in the NBA G League for the Maine Celtics and College Park Skyhawks, Atlanta’s affiliate. He appeared in a combined 25 regular season games, averaging 13.6 PPG, 3.0 RPG and 1.8 APG in 27.7 MPG. From 2021-23, Bowden played for the Long Island Nets.

The 27-year-old guard played college ball for Tennessee from 2016-20.

Bowden would be eligible for a bonus worth up to $77.5K if he’s waived and then spends at least 60 days with the Skyhawks.

Harry Giles Signs One-Year Deal With Hornets

September 26th, 2024 at 8:03am CST by Arthur Hill

SEPTEMBER 26: Giles has officially signed with the Hornets, according to RealGM’s transactions log.

SEPTEMBER 22: The Hornets have agreed to sign Harry Giles to a one-year contract, agent Daniel Hazan of Hazan Sports tells Shams Charania of The Athletic (Twitter link). Giles will be given an opportunity to compete for a roster spot in training camp, Charania adds.

Giles was once considered one of the top prospects in the country, but his career has been plagued by knee injuries. He won a roster spot with the Nets last fall after joining the team on an Exhibit 10 contract, but he appeared in just 16 games before being waived in February.

He signed a two-way deal with the Lakers in early March and saw limited time in seven games. In total, he averaged 2.4 points and 1.3 rebounds in 4.3 minutes per night between the two teams.

As Charania notes, Giles will be returning to North Carolina, where he was once a high school star before signing with Duke. After one season with the Blue Devils, he was selected by Portland with the 20th pick in 2017 and traded to Sacramento on draft night.

The Hornets have 13 players on fully guaranteed contracts, along with Taj Gibson, who has a $1.1MM guarantee on his $3.3MM deal, so Giles will have a real chance to make the roster if he can put together a strong preseason.

Charlotte is carrying 20 players on its preseason roster, so no corresponding roster move will be necessary for Giles to be officially signed.

Derrick Rose Announces Retirement

September 26th, 2024 at 6:16am CST by Luke Adams

Former NBA Most Valuable Player Derrick Rose has announced his retirement as a basketball player.

Rose confirmed the decision in a post on Instagram and, according to Malika Andrews and Tim MacMahon of ESPN, by taking out full-page ads in local newspapers of the six NBA cities he played in: Chicago, New York, Cleveland, Minneapolis, Detroit and Memphis.

“Knowing that I gave my all to the game, I feel confident in my decision,” Rose told ESPN. “Basketball was just the beginning for me. Now, it’s important that I give my all to my family — they deserve that.”

Rose added in a statement to Shams Charania of The Athletic: “The next chapter is about chasing my dreams and sharing my growth. I believe true success comes from becoming who you were created to be, and I want to show the world who I am beyond basketball.”

Rose, who will turn 36 next Friday, was selected first overall in the 2008 NBA draft by his hometown Bulls. He earned Rookie of the Year honors in 2009 and was named an All-Star in each of his next three seasons, winning the MVP award in 2011. Over the course of that season, his third in the NBA at age 22, he averaged 25.0 points, 7.7 assists, and 4.1 rebounds per game across 81 starts, leading the Bulls to a league-best 62-20 record.

The fact that Rose won the MVP award while still on his rookie scale contract resulted in an NBA rule being unofficially named after him. As we’ve outlined in a Hoops Rumors Glossary entry, the “Derrick Rose rule” allows players coming off their rookie deals to sign maximum-salary contracts worth up to 30% of the salary cap instead of the typical 25% if they’ve earned a major award such as MVP, Defensive Player of the Year, or All-NBA.

However, Rose’s career hit a snag following his first four seasons in Chicago, as he missed the entire 2012/13 season due to an ACL tear and only played in 10 games in ’13/14 as he continued to recover from that injury.

The 6’3″ guard ultimately made it back to the court on a more regular basis in ’14/15, but he only appeared in more than 51 games in a season twice in his final 10 NBA seasons as he continued to be affected by health issues that sapped him of the speed and explosiveness he displayed in his first few years.

Rose was still an effective role player when healthy, earning Sixth Man of the Year votes in 2019, 2020, and 2021 for the Timberwolves, Pistons, and Knicks, but his injury woes prevented him from fully delivering on the potential to be a longtime NBA star that he showed early in his career.

Rose will call it a career with averages of 17.4 PPG, 5.2 APG, and 3.2 RPG in 723 career regular season games (30.5 MPG). He also made 52 postseason appearances and put up 21.9 PPG, 6.3 APG, and 4.3 RPG in those outings. He made the Eastern Conference Finals with the Bulls during his MVP year in 2011, though he never played in the NBA Finals. In addition to suiting up for the Bulls, Timberwolves, Pistons, and Knicks, he spent time with the Cavaliers and Grizzlies.

Rose had been under contract with Memphis for the 2024/25 season, but requested his release and gave up his full $3.3MM guaranteed salary for the year as part of that agreement.

As K.C. Johnson of The Chicago Sports Network tweets, there are no immediate plans for Rose to sign a ceremonial one-day contract with the Bulls, but the organization will almost certainly honor its former star at some point this season.

Thunder Notes: Expectations, Trade Philosophy, Jones, More

September 25th, 2024 at 10:50pm CST by Tristan Tucker

The Thunder are being projected to finish atop the Western Conference standings again this season after winning 57 games in 2023/24. However, general manager Sam Presti doesn’t think the team is simply entitled to the outside perspective on them; he knows they have to prove it, writes Joel Lorenzi of The Oklahoman.

“The difference is that external expectations are things that some people think should happen,” Presti said, “and possibilities are things that we feel could happen, but we have a lot of respect for how hard it is for those things to take place. We don’t think we’re entitled to start on third base.”

After adding Isaiah Hartenstein and Alex Caruso to their core, Presti knows they’ll have to sort out some wrinkles early in the season.

“We’re going to need some time with this particular group, especially because we’re not trying to wedge those guys in or have assumptions about how they’re going to fit with certain players,” Presti said. “We kind of have to allow that to take its course, and as a result I think our continuity will not be great early, but if you look at continuity in the NBA, continuity generally shows up, or lack thereof, early in the year.

“There’s certain things that we’re going to have to confront, even if that means not getting the immediate benefits or the numbers might not look particularly good, but ultimately we’re going to have to get good at addressing these particular situations, issues, whatever it might be.”

As Lorenzi writes, that could mean experimenting with Caruso playing alongside other talented defenders like Cason Wallace and Luguentz Dort, or going with a two-big look by lining up Hartenstein next to Holmgren.

We have more from the Thunder:

At the end of last season, Presti said he might need to reevaluate how he operates with in-season trades. When asked again on Wednesday about that philosophy by Daily Thunder’s Brandon Rahbar (Twitter link), Presti said he thinks it’s hard to get a player up to speed quickly in the middle of the season. He reiterated that continuity is important and that the Thunder’s new players are going to take time to fit in. Presti didn’t rule out in-season trades, but he did express the need to be patient with internal development and exercise caution when adding new players. “Everyone tends to, when there’s a team that’s in regression or plateau period or whatever you want to call it, the default is [to] hit the trade builder,” Presti said. “Because to really have a very nuanced conversation about the other things, the internal things, I think that gets a little hard for people, because there’s a lot more gray area there and probably a little more expertise on that, to be speaking that language, rather than hit the builder and flip people in and out, But every time you do that, you’re adding risk to your existing team.”
If Kenrich Williams‘ injury lingers into the regular season, the Thunder may need to rely on rookie Dillon Jones sooner than expected, Rylan Stiles of SI writes. Jones, a 6’5″ small forward, showed scoring and defensive prowess collegiately at Weber State. The 26th overall pick averaged 20.8 points, 9.8 rebounds, 5.2 assists and 2.0 steals in college.
In a mailbag, Lorenzi discusses several challenges the Thunder may face in 2024/25. For starters, the team may need to improve its three-point volume after ranking 16th in attempts but first in efficiency last season. Additionally, Oklahoma City will need to rely on Hartenstein to help defeat teams that pack the paint like Dallas did last year.

Central Notes: Livingston, Mathurin, Pacers, Pistons Rotation

September 25th, 2024 at 9:26pm CST by Tristan Tucker

Still just 20 years old, Bucks forward Chris Livingston has a year of professional ball under his belt after being the final pick of the 2023 draft. Despite being a contending team with few available minutes for a rookie, the Bucks showed their confidence in Livingston by giving him a multiyear deal when many players drafted before him received two-way offers.

Now, Livingston is hoping for more minutes with Milwaukee to help the team take another step forward, Jim Owczarski of the Milwaukee Journal Sentinel writes in a subscriber-only story.

“It’s a fine line between being hungry and also being realistic, I guess you could put it like that,” Livingston said. “Me, believing in myself and believing in my game but also staying patient and understanding that things take time. Whether that’s carving out a role, earning the trust from the coaching staff – especially since we had a new coaching staff the second half of the season anyway – so just continuing to be patient and just learn throughout the process and understand this is what it’s going to be and just making the most of my situation.”

Livingston averaged 13.7 points, 7.0 rebounds, 1.2 steals, and 1.0 block per game while shooting 48.2% from the field and 37.1% on three-pointers in 21 contests with the Wisconsin Herd in the G League last season. According to Owczarski, the 20-year-old worked a ton on his all-around game this offseason. He’ll join the likes of Andre Jackson Jr., A.J. Green, MarJon Beauchamp and the Bucks’ rookies — AJ Johnson and Tyler Smith — as young players hoping to break into the rotation.

We have more from the Central Division:

Bennedict Mathurin earned All-Rookie honors in 2022/23 and joined the starting lineup as the season wore on. Last year, he began the season in the starting lineup but was removed mid-year. Having torn his labrum in March, Mathurin missed the rest of the season and finished with just 19 starts. According to IndyStar’s Dustin Dopirak, the Pacers say they’re pleased with Mathurin’s progress, but they don’t think he has to be a part of the starting lineup to make an impact. “He wants to feel like he’s contributing,” Pacers general manager Chad Buchanan said on Tuesday. “I think he recognizes, ‘Hey, we found a group last year that plays well together.’ He’s got to figure, ‘Where do I fit into that group. Is it trying to fit in as a starter? Is it being a primary scorer off the bench? What is that role?’ I think a lot of that is determined in training camp. … His role is to be determined, and it’s in his hands.” Mathurin will be extension-eligible next offseason.
If Mathurin returns and continues getting better and the Pacers are able to improve their defense, they’ll be a strong contender to make it back to the Eastern Conference Finals, Gregg Doyel of IndyStar opines (subscriber link). Indiana returns most of the core that went to the ECF this past spring.
The Pistons’ starting lineup heading into the year seems uncertain outside of Cade Cunningham and Tobias Harris, Keith Langlois of Pistons.com writes. Jalen Duren makes sense to hold down the middle, while Malik Beasley and Ausar Thompson could add shooting and perimeter defense, respectively. Langlois also speculates on what Detroit’s second unit could look like.

Bucks’ Alston, Hornets’ Battle Among Wednesday Cuts

September 25th, 2024 at 7:55pm CST by Tristan Tucker

The Bucks waived forward Philip Alston on Wednesday, according to the NBA’s transaction log. Alston had been signed to an Exhibit 10 deal.

The 6’6″ forward went undrafted this year after two seasons at Loyola Chicago. In his junior and senior seasons, he averaged 13.6 points and 4.6 rebounds while shooting 45.1% from the field. If he reports to the Bucks’ G League affiliate Wisconsin Herd and spends at least 60 days with the club, he’ll be eligible for a bonus worth up to $77.5K.

By waiving Alston, the Bucks dip to 20 players on their training camp roster, one below the limit. They also have Liam Robbins and James Akinjo signed to Exhibit 10 deals and it seems likely that they’ll continue churning through players as they prepare their NBA and G League rosters ahead of the season.

There were two more cuts from Wednesday:

The Hornets waived West Virginia product Raequan Battle, according to the log. Battle’s reported agreement from August must have been officially finalized shortly before he was cut. The Hornets now have 19 players on their offseason roster and another reported agreement with Harry Giles. In addition to three Exhibit 10 players already signed — Caleb McConnell, Marcus Garrett and Keyontae Johnson — the Hornets have a two-way contract opening and a vacant spot on their projected 15-man roster. Battle is now primed to suit up for the Greensboro Swarm if he so chooses. He averaged 16.1 PPG in his final collegiate season.
After signing him to an Exhibit 10 deal this morning, the Kings are waiving Justin Powell. The Kings are back down to 19 players on their offseason roster, with a pending agreement with Skal Labissiere that has yet to be finalized. They also waived Dexter Dennis earlier today. The Kings now have two players on Exhibit 10 deals: Boogie Ellis and Terry Taylor.

Lakers’ Pelinka, Redick Talk Roster, Lack Of Trades, Health, More

September 25th, 2024 at 6:43pm CST by Tristan Tucker

Addressing the media alongside head coach JJ Redick on Wednesday, Lakers executive VP of basketball operations Rob Pelinka said it will take about 30 or so games to properly evaluate the team’s 2024/25 roster.

The Lakers only added four outside players this offseason, bringing in Dalton Knecht and Bronny James via the draft and adding two-way players Armel Traore and Christian Koloko. The team will primarily be banking on good health luck and internal improvement to take a step forward in the Western Conference hierarchy.

“We believe in this group,” Pelinka said according to ESPN’s Dave McMenamin (Twitter link).

The Lakers were in rumors revolving around Hawks guard Trae Young and other big names toward the start of the offseason, but didn’t end up pulling the trigger. If they did decide to swing for a star or role player down the line, their 2029 and 2031 first-round picks would be highly coveted.

“We would do a trade with both picks if that leads to sustainable Lakers excellence,” Pelinka said, per Sportskeeda’s Mark Medina (Twitter link). “We would also use one pick to make a marginal upgrade if we felt that was the right thing to do.”

Here are a few of the more interesting comments from Pelinka and Redick from today’s presser:

Jarred Vanderbilt underwent procedures on each of his feet this offseason, tweets The Athletic’s Jovan Buha. Pelinka said both operations were successful and he’s optimistic the forward will be ready for the start of the season. According to Pelinka, the surgeries happened at the beginning of the Lakers’ offseason. Vanderbilt had a bone spur in one foot and the doctor recommended going ahead and cleaning up the other foot since he was missing time anyways (Twitter link via Buha).
According to Pelinka, Rui Hachimura, Gabe Vincent and Jalen Hood-Schifino have all been cleared to participate in training camp (Twitter link via Buha). Hachimura didn’t miss much time last season, but Vincent and Hood-Schifino combined to play in just 32 games. The Lakers paid $33MM over three seasons to Vincent last year but he was limited to 11 appearances due to a knee injury. He’ll likely be relied on more this coming season.
Redick says he’s spoken to D’Angelo Russell more than any other Lakers player. His message to the guard, according to McMenamin (Twitter link), has been “Let’s put you in position to have a career year.” Russell averaged 18.0 points and 6.3 assists per game last year while making 41.5% of his three-point attempts.
Redick said he and his staff have already discussed the moment that LeBron James and Bronny James will first share the court in the regular season, McMenamin tweets. Redick will involve both players in the process, but doesn’t view coaching the pair as a challenge.
Pelinka said he thinks new two-way center Christian Koloko will be cleared by the NBA’s Fitness-to-Play Panel sooner rather than later, according to The Orange County Register’s Khobi Price (Twitter link). Koloko missed all of last season due to career-threatening blood clots.

Kings Sign, Waive Dexter Dennis

September 25th, 2024 at 5:17pm CST by Luke Adams

5:17pm: The Kings have now waived Dennis, according to the NBA’s transaction log.

2:04pm: The Kings have signed free agent swingman Dexter Dennis, according to RealGM’s official NBA transaction log. It’s an Exhibit 10 deal, per Keith Smith of Spotrac (Twitter link).

Dennis, 25, went undrafted out of Texas A&M in 2023 and caught on with the Mavericks for training camp, earning a two-way contract at the end of the preseason. However, he appeared in just four NBA games for Dallas before being waived in December.

Dennis played in a total of 44 Showcase Cup and regular season games in the G League as a rookie, including 29 for the Texas Legends and 15 for the Cleveland Charge, who traded for him in February. He averaged 11.5 points, 4.9 rebounds, and 1.4 assists in 29.3 minutes per game with a shooting line of .430/.350/.778.

Dennis is also considered a strong defender, having won the AAC Defensive Player of the Year award in 2022 at Wichita State.

The Charge traded Dennis’ G League returning rights to the Stockton Kings earlier this month, so in all likelihood, he’ll be waived before the NBA season begins and will subsequently report to Sacramento’s G League affiliate, where his Exhibit 10 contract will make him eligible to earn a bonus worth up to $77.5K if he spends at least 60 days with Stockton.

The Kings still have one open spot on their 21-man preseason roster and have reportedly agreed to Exhibit 10 deals with both Skal Labissiere and Justin Powell, so more back-of-the-roster transactions are likely coming in Sacramento.

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